Brazilian biofuel producer FS — Fueling Sustainability and Abu Dhabi’s sovereign wealth fund Mubadala Investment Co. are seeking to buy debt held by creditors of troubled biofuel giant Raizen SA, according to people familiar with the matter.

Brazilian companies had some $6 billion in equity sales lined up for the weeks after the vote that they expected would crown conservative Flávio Bolsonaro as the next president of Latin America’s largest economy.

Brazil conglomerate Cosan SA is reassessing plans to sell assets after it cut debt by half in the past year and as market conditions improved in Brazil on bets that opposition candidate Flávio Bolsonaro will be elected president, according to people familiar with the matter.

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Depressed valuations and stagnant trading volumes are pushing a growing number of companies to go private in Brazil, further eroding the country’s weight in global equity portfolios.

Arminio Fraga, one of Brazil’s most-famous hedge-fund investors, spread the word earlier this month that he was turning his funds over to the country’s fourth-biggest bank. Brazil’s double-digit interest rates simply generate too high a return nowadays to lure enough clients to keep a fund like his open any longer, he conceded.

Braskem SA’s announcement of an $11 billion debt restructuring staved off an immediate crisis that would have pushed it into bankruptcy protection. But the parties remain far apart on key issues ranging from terms of shareholder support to how existing debt will be reworked.

Braskem SA reached an agreement with its main creditors to rework almost $11 billion of debt in an out-of-court process, the latest Brazilian company to be forced to restructure after falling behind on its obligations.

Brazil’s Petrobras is weighing whether to grant improved payment terms to Braskem on some contracts as the petrochemical producer races against the clock to find a solution for its debt woes ahead of an August 24 deadline to avoid filing for bankruptcy protection, according to people familiar with the matter.

Braskem’s bondholders continue to press state-controlled oil giant Petrobras to inject fresh capital into the struggling petrochemical producer as time runs short to avoid filing for bankruptcy protection in an election year, according to people familiar with the matter.

Flávio Bolsonaro is forging ahead with his campaign for Brazil’s presidency after a chaotic week marked by fresh legal trouble and an uneasy truce with his stepmother.

Advent hired Morgan Stanley to explore a potential sale of its stake in Tigre SA, a Brazilian manufacturer of pipe and hydraulic systems, according to people familiar with the matter.

Origem Energia SA, the Brazilian natural gas and oil company, is aiming for an enterprise value of $2 billion to $2.5 billion as it seeks strategic alternatives to raise capital, according to people familiar with the matter.

Private equity firm IG4 Capital said it has enough capital to buy Raizen SA debt entirely in cash if needed as it seeks to acquire enough of the troubled sugar and ethanol producer’s obligations to end up with a 50.1% equity stake.

Private equity firm IG4 Capital, fresh off a deal to take control of petrochemical giant Braskem SA, is now setting its sights on sugar and ethanol producer Raizen SA, another major Brazilian company in distress.

Global trading house Mercuria Energy Group Ltd. has reached a deal to acquire one of Argentina’s biggest refineries and a network of hundreds of gas stations from Brazil’s struggling Raizen SA.

Raizen SA garnered informal support from a majority of creditors for a final restructuring proposal, according to people familiar with the matter, a key step in the struggling Brazilian sugar and ethanol producer’s months-long push to clinch an out-of-court debt overhaul.

Braskem SA is seeking backing from creditors to begin an out-of-court restructuring process ahead of debt payments scheduled for July, according to people familiar with the matter.

EFG International AG, a private-banking boutique based in Zurich, is expanding its 300-person team serving clients from the Americas with an emphasis on Brazil and South Florida.

Minas Gerais state officials are considering a do-over of Copasa’s privatization process after two bids for a 30% stake in the Brazilian water utility came in below the government’s minimum price, according to people familiar with the matter.